Wells Fargo & Company Cuts D.R. Horton (NYSE:DHI) Price Target to $147.00

D.R. Horton (NYSE:DHI) had its price target decreased by Wells Fargo & Company from $155.00 to $147.00 in a report released on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the construction company’s stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 3.31% from the company’s previous close.

A number of other brokerages also recently commented on DHI. Keefe, Bruyette & Woods reiterated a “reduce” rating on shares of D.R. Horton in a report on Tuesday, January 27th. Seaport Research Partners reiterated a “neutral” rating on shares of D.R. Horton in a report on Tuesday. BTIG Research set a $182.00 price target on shares of D.R. Horton in a report on Wednesday, January 21st. Weiss Ratings reissued a “hold (c+)” rating on shares of D.R. Horton in a research report on Monday, December 29th. Finally, Citigroup decreased their target price on shares of D.R. Horton from $163.00 to $154.00 and set a “neutral” rating on the stock in a research report on Thursday, January 8th. Four research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, D.R. Horton currently has an average rating of “Hold” and an average target price of $159.33.

D.R. Horton Price Performance

NYSE:DHI traded up $5.22 during mid-day trading on Wednesday, hitting $142.29. 2,409,346 shares of the company’s stock traded hands, compared to its average volume of 3,066,173. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.98 and a current ratio of 6.63. The firm’s 50 day simple moving average is $149.75 and its 200 day simple moving average is $152.06. D.R. Horton has a 1 year low of $110.44 and a 1 year high of $184.54. The company has a market cap of $41.22 billion, a PE ratio of 12.92, a price-to-earnings-growth ratio of 2.17 and a beta of 1.44.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, January 20th. The construction company reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.05. The firm had revenue of $6.89 billion during the quarter, compared to the consensus estimate of $6.66 billion. D.R. Horton had a net margin of 9.95% and a return on equity of 13.51%. The firm’s revenue for the quarter was down 9.5% on a year-over-year basis. During the same period last year, the firm posted $2.61 EPS. Sell-side analysts expect that D.R. Horton will post 13.04 EPS for the current year.

Insiders Place Their Bets

In other D.R. Horton news, SVP Aron M. Odom sold 260 shares of D.R. Horton stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $167.55, for a total transaction of $43,563.00. Following the transaction, the senior vice president directly owned 6,457 shares of the company’s stock, valued at $1,081,870.35. The trade was a 3.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.66% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of DHI. Integrated Wealth Concepts LLC raised its stake in shares of D.R. Horton by 23.4% during the first quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company’s stock valued at $538,000 after purchasing an additional 803 shares during the period. Geneos Wealth Management Inc. raised its stake in shares of D.R. Horton by 295.5% during the first quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company’s stock valued at $77,000 after purchasing an additional 455 shares during the period. Sivia Capital Partners LLC purchased a new stake in shares of D.R. Horton during the second quarter valued at approximately $302,000. Brown Advisory Inc. raised its stake in shares of D.R. Horton by 3.4% during the second quarter. Brown Advisory Inc. now owns 6,319 shares of the construction company’s stock valued at $815,000 after purchasing an additional 208 shares during the period. Finally, Cerity Partners LLC raised its stake in shares of D.R. Horton by 8.9% during the second quarter. Cerity Partners LLC now owns 34,926 shares of the construction company’s stock valued at $4,503,000 after purchasing an additional 2,859 shares during the period. 90.63% of the stock is owned by institutional investors and hedge funds.

About D.R. Horton

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.